Walchandnagar Industries has informed that it has signed a License Agreement with Foster Wheeler North America Corp., a subsidiary of Foster Wheeler Global Power Group, for High Pressure Grate Fired Industrial Boilers.

Under the deal, Walchandnagar gets an exclusive license for the Indian Territory.

Foster Wheeler’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities. The company’s technology includes high capacity sub and super critical boilers, fluidized bed combustion boilers and grate fired industrial boilers.

According to market experts, the latest alliance will further strengthen Walchandnagar’s competitive position in the energy sector by giving access to the latest technology and thermal designs in the field of grate fired industrial boilers.

Further, they believes that the deal would also enable Walchandnagar to effectively address power generation up to 100 MW.